When Will High Interest Rates Impact Car Demand?

Via AG Metal Miner   The Automotive MMI (Monthly MetalMiner Index) finally broke its downward trend and traded sideways, inching up by 2.53%. Meanwhile, myriad factors continue to pressure metal prices. The demand for vehicles among consumers remains strong. However, low inventories throughout most of 2022 placed a huge strain on the index. Without parts, the manufacturing of new vehicles could not and cannot happen. However, now inventory levels have risen while vehicle prices have dropped. The question MetalMiner continues to ask is: when…